Seattle Real Estate

Place for real estate news and area events

My lender won’t help me! October 19, 2010

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Have you tried everything you can with your lender? Called them only to have to navigate through button after button of some voicemail system? Hoping at some point that if you hit that “0” enough times you will actually get a live person? Then “BAM” you get a real person you know the one, that says they can help you but won’t listen and leaves you even more frustrated than before your call?

Anyway, you get my point. Well, I did some digging and found a couple things that might help you. Please check them out and if you find any of this helpful let me know. Always love to hear about good things happening to the good people (you have to be good if you’re reading my blog!)

For all of you that have FHA insured loans, the good news is that your lender must follow the FHA guidelines and regulations. If they aren’t following the guidelines and giving you the service and assistance that is afforded and protected to you then do what I do. Call 888-297-8685, and put your citizen on! Don’t let anyone intimidate you, this is your home and your money, protect it and fight for it. And here is a life hint, whenever you are dealing with someone on the phone or in person always get their full name. Trust me, when you ask for someone’s name their attitude tends to improve. Don’t wait till things have got heated either, just ask up front and more often than not they will be much more helpful. And make sure you have your 13 digit FHA case number, and if you don’t have it … ASK FOR IT! Ain’t like its a secret launch code, trust me you already paid for it. Hint: it is on your loan settlement statement.

For all you VA insured customers, the first step for you is online. Go to the VA Foreclosure Alternative page. You will find so much help and assistance that you won’t know what to do with yourself. For the .0006% of you out there that internet is just not your thing, Ring up your loan service representative. Open this picture and it is the listing to every call center in the US broken down by states. Of course you could click here and it will give you the same information.0002nK.jpeg
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Finally, for all of those with conventional loans, call your HUD approved housing counselor at 800-569-4287. They love to help home owners with lenders that aren’t doing their responsibility helping you. Another number to put in your address book of life is 888-995-HOPE. This is the Homeowners Hope hotline, they specialize in helping homeowners with their lenders as well. You got some tools now, go use them and again, let me know how they help!

As always, please leave a comment. Like to hear from you!

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TARP funds to be tapped? December 8, 2009

Filed under: Economy,Mortgage Information — Rolland @ 10:31 pm

Couple of our leaders are thinking creative financing is not dead.  They are wanting to tap into the TARP funds to help distressed homeowners.

The idea is to take 3 billion to help those homeowners, while tapping another 1 billion for local and state governments to use to purchase foreclosed and troubled properties.  Additionally, giving bankruptcy judges the ability to make changes to interest rates and principal owed to creditors.  Needless to say, this has met with some resistance from the financial community.  "The combination of unemployment and foreclosures may be the greatest threat to our economic recovery," Waters said.

This week on the Hill, this is but one of more then 100 other proposed amendments to financial reform being introduced.  Some believe that this sudden move by members of congress, is coming from the Congressional Black Caucus, who have been putting the administrations feet to the fire on how unemployment and foreclosures are effecting minorities.  With only 6% of homeowners enlisted in the administrations foreclosure prevention programs, concerns that help is just not reaching people.  Fighting over the low numbers reported are circling around homeowners that have submitted paperwork to get on the program and that they are waiting approval to benefit from the program.  While the Treasury Department claims people are not submitting the paperwork and supporting documents correctly.  Seems like the dogs are chasing their tails.

In a nut shell, the financial sector is not happy, the government is in the middle (or so they are trying to) and the American homeowner is hanging on looking for help wherever it comes from.

 

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First Time Home Buyer Program, The clock is ticking down August 25, 2009

 

Rate forecasting – What are you waiting for? August 21, 2009

Want to let you know that many experts are predicting a rise in inflation and consequently a rise in interest rates as a result of the government’s stimulus spending. These charts demonstrate just how historically low interest rates are. Take a look at where rates were in the early eighties – the last time inflation skyrocketed.

Hope these charts provide food for thought for anyone wondering if now is a good time to get off the fence regarding a home purchase or refinance!

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Housing Trends Report July 19, 2009

Below are some valuable information for you! You can click on the image and it will take you to the full report. Now, how do you read it or even understand it? Just give me a call (206.963.4307) or email me and I will contact you and take the all the pain out of it for you.

Remember, not knowing something isn’t a crime, not knowing because you didn’t ask … is.

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Zillow.com reporting mortgage rates increasing July 14, 2009

Filed under: Mortgage Information — Rolland @ 1:21 am
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Everyone has been sitting on the fence just waiting for the bottom, HELLO, you are missing it! It is time to do your business. Let’s get together and make sure your not missing any more.

RollandLawrenz@johnlscott.com
http://www.johnlkscott.com/rollandlawrenz

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Home buyers, come to a free informational seminar. May 5, 2009

Filed under: Good News,Mortgage Information — Rolland @ 2:22 am
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